DuCommun posts sharp rise in Q4 net

MarkCotton

NEW YORK (CBS.MW) -- DuCommun
DCO, -3.09%
posted fourh quarter net of $5.1 million, or 51 cents a share compared with $500,000, or 5 cents a share in the same quarter in 2002. Sales were $58.3 million against $50.3 million a year earlier, due to an increase in military sales and sales from the August 2003 acquisition of DBP Microwave. The Los Angeles-based aircraft component maker said net income income in the quarter included an after-tax gain of 9 cents per share, on the sale of real property. The Thomson First Call mean estimate was for earnings of 38 cents a share. Shares of DuCommun were up 28 cents, or 1.26 percent at $22.45 at the close of trading Friday.

Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.

Intraday Data provided by SIX Financial Information and subject to terms of use. Historical and current end-of-day data provided by SIX Financial Information. All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. Intraday data delayed at least 15 minutes or per exchange requirements.